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Things worth reading: 4th August 2010

Things we're reading today include …

Northern Rock

Nationalised Northern Rock posts £140m lossThe Independent
Northern Rock's 'bad bank' makes a profitThe Telegraph
'Good bank' bad, 'bad bank' good at RockThe Independent
Northern Rock hit by exodus of depositorsThe Telegraph
Northern Rock plans to resume credit cards and loansThe Independent

RBS

RBS fined £5.6m for rule breachesBBC
RBS hit with huge fine for Goodwin failingsThe Independent
RBS to sell 318 branches to SantanderThe Telegraph

Companies

JC Flowers' €1bn mission to shake up mutualsFinancial Times
Kent Reliance in new banking planBBC
Citigroup puts UK internet bank Egg on the blockThe Telegraph
HSBC would be right to ditch UK headquarters if reformers get it wrong The Telegraph
S&P owner rejects Chinese criticismFinancial Times

Markets

Greenspan warning on US recoveryBBC
City of London still key to UK recovery, new figures showThe Telegraph

 

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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